Oxford Nanopore Technologies (LON:ONT) Earns Outperform Rating from Royal Bank Of Canada

Oxford Nanopore Technologies (LON:ONT)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 225 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 93.97% from the company’s current price.

ONT has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lifted their target price on Oxford Nanopore Technologies from GBX 210 to GBX 225 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 250 target price on shares of Oxford Nanopore Technologies in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Oxford Nanopore Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 218.60.

Oxford Nanopore Technologies Trading Down 0.2%

LON ONT opened at GBX 116 on Wednesday. The stock has a market capitalization of £1.12 billion, a price-to-earnings ratio of -7.68 and a beta of 0.88. Oxford Nanopore Technologies has a one year low of GBX 104 and a one year high of GBX 224.80. The company has a debt-to-equity ratio of 8.96, a current ratio of 3.56 and a quick ratio of 6.01. The business’s fifty day moving average is GBX 122.37 and its 200-day moving average is GBX 134.28.

Oxford Nanopore Technologies (LON:ONT) last released its earnings results on Monday, March 2nd. The company reported GBX (15.10) EPS for the quarter. Oxford Nanopore Technologies had a negative return on equity of 29.43% and a negative net margin of 64.85%.

Insider Transactions at Oxford Nanopore Technologies

In related news, insider Nick Keher sold 22,993 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of GBX 108, for a total value of £24,832.44. In the last quarter, insiders bought 498 shares of company stock valued at $59,939. Insiders own 2.53% of the company’s stock.

About Oxford Nanopore Technologies

Oxford Nanopore Technologies’ goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The Group has developed a new generation of nanopore-based sensing technology that is currently used for real-time, high-performance, accessible, and scalable analysis of DNA and RNA. The technology is used in more than 125 countries, to understand the biology of humans, plants, animals, bacteria, viruses and environments as well as to understand diseases such as cancer.